Business Dodged an O-Care Bullet
The co-founder of the Job Creators Alliance today said the Obama Administration’s one-year delay of the employer mandates of the Affordable Care Act is much-needed relief for the business sector and called the move a sign Obamacare may collapse of its own weight.
“Small business owners across America breathed a sigh of relief today as we all dodged a bullet from Obamacare, but that bullet is coming back around,” said Bernie Marcus, co-founder and former CEO of Home Depot and co-founder of the national Job Creators Alliance (JCA). “The Administration’s one year delay is not the answer we have been looking for – Obamacare must be replaced with common-sense reforms that actually lower health care costs for Americans.”
The Obama administration announced Tuesday that it is delaying a major provision of the Affordable Care Act (ACA), putting off until 2015 a requirement that many employers offer health insurance. The Treasury Department and the White House reportedly said complaints by employers about the ACA caused them to delay the requirement to tweak the bureaucratic processes.
“For years, business leaders across the country have been sounding the alarm about Obamacare’s negative impact on investment and job creation,” Marcus said. “The majority of CEOs don’t dread the 2014 implementation just for the exorbitant costs – they also fear the uncertainty of the entire program.” According to a JCA poll released last month, 60 percent of small business owners expected Obamacare to harm their businesses.
“These continued systemic problems reveal the true nature of Obamacare to America: It is too unwieldy to run well, it costs too much and, in the end, it won’t solve our health care challenges,” Marcus said. “The greatest hope job creators have today is that this delay may signal Obamacare’s ultimate demise.”